Another tool in the arsenal of the real estate investor, buyer or seller is the lease purchase contract. This tool is going to become increasingly used as the mortgage markets dry up. But what is it exactly? Many have heard about it through some late night infomercial, and it sounds good, but you may be ...
If you've heard the term "lease option to purchase" thrown around when talking to other real estate investors, agents, etc. and not sure what the term actually means, then you've hit the right page. You've done the right thing by searching the web or following this blog in order to gain the insight required to ...
After you have submitted your first offer, and know some common real estate terms, then it is on to the negotiations. Now if you know a little bit about real estate, every piece of property is different, and every owner is different. Therefore every offer you make is going to be different is some way, ...
After you make an initial offer on real estate, the next phase of the process is negotiating a final agreement. But before I go into tactics and situations, let's go over some basic terminology for the beginner. As a minimum, you'll need to understand these terms:Counter-offerIn contract negotiation, the counter offer is actually a completely ...